Trading suspended in Egypt as market plung
Cairo - Arabstoday
Egypt's stock market was suspended as equities plunged below 5 per cent ahead of the US Federal Reserve meeting as investors fretted about sovereign debt crises on both sides of the Atlantic.The EGX 30 Index was last quoted at 4,466 points before the suspension. "The trading session was suspended as the circuit breaker stopped the index from dropping more than 5 per cent," said Hisham Turk, the spokesperson for the Egypt Stock Exchange (EGX)."The country's central bank has 30 per cent of its reserves in the form of US treasury bills, while banks trade those securities. This has prompted a sell-off by retail investors in equity markets on the back of global market turmoil." From / The National
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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